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Personal Accident and Health Insurance in Ireland, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Ireland, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Ireland, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Irish personal accident and health insurance segment, and a comparison of the Irish insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Irish economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in Ireland, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Irish personal accident and health insurance segment, including:

  • An overview of the Irish personal accident and health insurance segment
  • The Irish personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Irish economy and demographics
  • A comparison of the Irish personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Irish personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Ireland
  • Details of regulatory policy applicable to the Irish insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Ireland:
  • It provides historical values for the Irish personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Irish personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Irish personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Ireland.
  • It profiles the top personal accident and health insurance companies in Ireland, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Irish personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Irish personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Irish insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The personal accident and health segment was dominated by the health category, which accounted for 91.7% of the segment’s gross written premium in 2015.
  • In November 2016, the Department of Health announced a 10% rise in health insurance stamp duty, with effect from April 2017.
  • Effective from May 1, 2015, new regulations were introduced for private health insurance policy pricing in Ireland.
  • Solvency II was implemented on January 1, 2016.


  • Key Facts and Highlights
    • Table Irish Personal Accident and Health Insurance - Key Facts, 2015
    • Table Irish Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Irish Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Irish Personal Accident and Health Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Personal Accident and Health Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
      • Claims
        • Table Irish Personal Accident and Health Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Irish Personal Accident and Health Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Irish Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Irish Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Irish Personal Accident and Health Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
        • Table Irish Personal Accident and Health Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
        • Table Irish Personal Accident and Health Insurance - Total Investment Income (EUR Million and US$ Million), 2011-2015
        • Table Irish Personal Accident and Health Insurance - Total Investment Income (EUR Million and US$ Million), 2015-2020
        • Table Irish Personal Accident and Health Insurance - Investment Portfolio (EUR Million), 2011-2015
        • Table Irish Personal Accident and Health Insurance - Investment Portfolio (EUR Million), 2015-2020
  • Outlook by Category
    • Table Irish Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2011-2015
    • Table Irish Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Irish Personal Accident Insurance - Direct Written Premium (EUR Million and US$ Million), 2011-2015
        • Table Irish Personal Accident Insurance - Direct Written Premium (EUR Million and US$ Million), 2015-2020
      • Claims
        • Table Irish Personal Accident Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Irish Personal Accident Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Irish Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Irish Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Irish Health Insurance - Direct Written Premium by Sub-Category (EUR Million), 2011-2015
        • Table Irish Health Insurance - Direct Written Premium by Sub-Category (EUR Million), 2015-2020
      • Claims
        • Table Irish Health Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Irish Health Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Irish Health Insurance - Loss Ratio (%), 2011-2015
        • Table Irish Health Insurance - Loss Ratio (%), 2015-2020
    • Travel Insurance
      • Premium
        • Table Irish Travel Insurance - Direct Written Premium (EUR Million and US$ Million), 2011-2015
        • Table Irish Travel Insurance - Direct Written Premium (EUR Million and US$ Million), 2015-2020
      • Claims
        • Table Irish Travel Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Irish Travel Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Irish Travel Insurance - Loss Ratio (%), 2011-2015
        • Table Irish Travel Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Irish Personal Accident and Health Insurance - Segment Shares of the Leading Insurers (%), 2015
    • Company Profiles
      • VHI Insurance - company overview
        • Table VHI Insurance - Key Facts
      • Irish Life Health - company overview
        • Table Insurance Company - Key Facts
      • FBD Insurance Plc - company overview
        • Table FBD Insurance Plc - Key Facts
  • Governance, Risk and Compliance
    • Table Ireland - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Ireland - Life Insurance Regulatory Framework
      • Property insurance
        • Table Ireland - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Ireland - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Ireland - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Social security insurance
      • Motor third-party liability insurance
      • Air carriers and aircraft operators insurance
        • Table Ireland - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Public liability for vessels licensed to carry more than 12 passengers
      • Passenger liability insurance for railway operators
      • Professional indemnity insurance for solicitors
      • Professional indemnity insurance for accountants
      • Professional indemnity insurance for brokers
      • Clinical trial liability insurance
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Federation of European Risk Management Associations
      • Central Bank of Ireland
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
        • Table Ireland - Insurance Funding Levy
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Ireland - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Irish Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Irish Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and Expenses
        • Table Irish Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Irish Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Assets and Investments
        • Table Irish Personal Accident and Health Insurance - Assets and Investments, 2011-2015
        • Table Irish Personal Accident and Health Insurance - Assets and Investments, 2015-2020
      • Personal Accident Insurance
        • Table Irish Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
        • Table Irish Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
      • Health Insurance
        • Table Irish Personal Accident and Health Insurance - Health Insurance, 2011-2015
        • Table Irish Personal Accident and Health Insurance - Health Insurance, 2015-2020
      • Health Insurance by Product
        • Table Irish Personal Accident and Health Insurance - Health by Product, 2011-2015
        • Table Irish Personal Accident and Health Insurance - Health by Product, 2015-2020
      • Travel Insurance
        • Table Irish Personal Accident and Health Insurance - Travel Insurance, 2011-2015
        • Table Irish Personal Accident and Health Insurance - Travel Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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